Regulation (EU) No 596/2014 is amended as follows:
(34) Article 5 is amended as follows:
(a) in paragraph 1, point (b) is replaced by the following:
'(b) trades are reported as being part of the buy-back programme to the competent authority of the trading venue in accordance with paragraph 3 and subsequently disclosed to the public in an aggregated form;';
(b) paragraph 3 is replaced by the following:
'3. In order to benefit from the exemption laid down in paragraph 1, the issuer shall report all transactions relating to the buy-back programme to the competent authority of the most relevant market in terms of liquidity as referred to in Article 26(1) of Regulation (EU) No 600/2014. The receiving competent authority shall, upon request, forward the information to the competent authorities of the trading venue on which the shares have been admitted to trading and are traded.';
(35) in Article 7(1), point (d) is replaced by the following:
'(d) information conveyed by a client or by other
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